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the tax is a federal tax. it is important to account for it separately since we have a dedicated payroll tax for that purpose. balancing should be -- ideally it would be good if we could say social security was completely off budget. and technically speaking it is off budget. it is money that comes into the treasury and the benefits go out. it is not as if beneficiaries -- we talk about the payroll tax being insufficient to cover benefits, which it is right now. the program is running a deficit. able toecurity is receive sufficient funding by cashing in the bonds it has in that is anund, but expense to the treasury which has to come up with the money to cover those bond payments into social security. the bottom line is it is part of the federal budget. we have not privatized the system. the money is accounted for separately. the government is not going to default on the money it owes to social security or to the medicare part a trust fund. host: bob is on our line for and dependents. -- for independents. calle
the tax is a federal tax. it is important to account for it separately since we have a dedicated payroll tax for that purpose. balancing should be -- ideally it would be good if we could say social security was completely off budget. and technically speaking it is off budget. it is money that comes into the treasury and the benefits go out. it is not as if beneficiaries -- we talk about the payroll tax being insufficient to cover benefits, which it is right now. the program is running a...
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ashley: commuting get as little more taxing. the amount of workers can put transit costs cut in half by congress. at least those with the train. that is outrage. tracy: because they have drive evers? in tech minute we'll review lg's curved glass phone which is about to hit the store shelves. ashley: the dow has been down over 100 points for a long time but as you can see, desperately trying to make a comeback, down 99 points or there abouts. the market has been under a little bit of selling pressure these last several days. get breaking news on the fed beige book. peter baron's with the details. peteer? >> hey, ashley and tracy, the beige book for november says the economy continued to expand ad a modest to moderate pace from mid-october through mid insofar as november and the report does not appear to tee up tapering of bond purchases cuttings back on quantitative easing in next two weeks when the report will be used by policymakers. this reports e has the same language on the economy and job creation as the last meetings on be
ashley: commuting get as little more taxing. the amount of workers can put transit costs cut in half by congress. at least those with the train. that is outrage. tracy: because they have drive evers? in tech minute we'll review lg's curved glass phone which is about to hit the store shelves. ashley: the dow has been down over 100 points for a long time but as you can see, desperately trying to make a comeback, down 99 points or there abouts. the market has been under a little bit of selling...
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Dec 4, 2013
12/13
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issue education... gun control... the gap between rich and poor... job creation... climate change... tax policy... the economy... iran... healthcare... ad guests on all sides of the debate. >> this is a right we should all have... >> it's just the way it is... >> there's something seriously wrong... >> there's been acrimony... >> the conservative ideal... >> it's an urgent need... and a host willing to ask the tough questions >> how do you explain it to yourself? and you'll get... the inside story ray suarez hosts inside story weekdays at 5 eastern only on al jazeera america >> michael eaves is here with sports. kind of a shake up in coaching ranks in one nba team. >> not one you would expect at this point in the season. >> the expectations were high because as a player kid was considered to have the highest basketballisbasketball iq in the nets made a change to the coaching staff today. >> it's lawrence frank who has been reassigned to a role where he will no longer attend practices or games there was reports that there was growing tension between frank and kidd. they called the move a
issue education... gun control... the gap between rich and poor... job creation... climate change... tax policy... the economy... iran... healthcare... ad guests on all sides of the debate. >> this is a right we should all have... >> it's just the way it is... >> there's something seriously wrong... >> there's been acrimony... >> the conservative ideal... >> it's an urgent need... and a host willing to ask the tough questions >> how do you explain it to...
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Dec 4, 2013
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[inaudible] the situation -- [inaudible] paying taxes. and not getting -- representation and too many people that are getting in to office are not representing areas they are elected to represent. [inaudible] >> host: let me jump if. do you go to "politico".com? have you read "politico"? >> caller: yes. >> host: you think they have a bias? >> caller: yes. anything but the whole truth. >> guest: well i don't believe that from houston texas. i believe it's dan calling in the west wing a plausible texas accent. >> host: do you get it from the white house? >> guest: we do. there's a belief we accentuate the negative. i'm nondefensive about that from ann from houston or dan from washington or from others. i don't accept it. i think if you read "politico" day in day out you'll see us look at the political leaders we cover. good stay days and some days bad. some in the positive or some that clearly go in the negative ledger. it's just the nature of journalism. so we are committed to fairness. i think coming from the perspective of partisan. i do
[inaudible] the situation -- [inaudible] paying taxes. and not getting -- representation and too many people that are getting in to office are not representing areas they are elected to represent. [inaudible] >> host: let me jump if. do you go to "politico".com? have you read "politico"? >> caller: yes. >> host: you think they have a bias? >> caller: yes. anything but the whole truth. >> guest: well i don't believe that from houston texas. i...
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Dec 9, 2013
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are not willing to cut medicaid, and republicans are not willing to do tax hikes. paul ryan and patty murray basically decided that they were not going to go after the sacred cow of the other party. they were just going to it something that was possible, and they decided by looking at all these failed attempts in the past, we will not go there. we will do something that is much smaller, but doable. host: we are talking with ian swanson. there will still be a big budget debate in early 2014. what does that look like? will: one thing this deal not do is it will not raise the debt ceiling. at some point exterior they will have to do that. it is a legal -- little difficult to forecast when it will be, in part because the economy is starting to behave more strongly and as a result that extends the time in which the treasury department can do things. they call them extraordinary measures, to prevent hungers from having to raise the debt ceiling. at some point in time congress will have to do that. the earliest is february, but much more likely that it is sometime close t
are not willing to cut medicaid, and republicans are not willing to do tax hikes. paul ryan and patty murray basically decided that they were not going to go after the sacred cow of the other party. they were just going to it something that was possible, and they decided by looking at all these failed attempts in the past, we will not go there. we will do something that is much smaller, but doable. host: we are talking with ian swanson. there will still be a big budget debate in early 2014....
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Dec 5, 2013
12/13
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and that would be offset so that it doesn't add to the deficit by some revenue increases, though not taxes and some entitlement cuts, though in the medicare and social security. it's a modest deal but lawmakers hope they can announce it by the end of the week, enact it next week and avoid a government shutdown in january. >> who are winners and losers to the extent we know what stays and goes and maybe more pointly, what does this mean for those looming deadlines the government shutdown number which was i think middle of january and then the debt ceiling debate, which resurfaces then again, i think, right around the super bowl? >> tyler, it means both that the debt ceiling increase and the government funding are likely to occur as scheduled, avoid a crisis like we had. lawmakers don't have much appetite for that, especially going into an election year. so in that sense, it's good news for the entire country. in terms of losers, the kinds of fees they are talking about and again, we don't have a final deal are things like higher airline ticket fees, the president had those in the budget. wh
and that would be offset so that it doesn't add to the deficit by some revenue increases, though not taxes and some entitlement cuts, though in the medicare and social security. it's a modest deal but lawmakers hope they can announce it by the end of the week, enact it next week and avoid a government shutdown in january. >> who are winners and losers to the extent we know what stays and goes and maybe more pointly, what does this mean for those looming deadlines the government shutdown...
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Dec 3, 2013
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." >>> on the "cbs moneywatch," the days may be numbered for tax-free web shopping. and why you want to check your lottery tickets. wendy gillette has more. >> good morning, anne-marie. the cost of online shopping may be headed up as more states could start collecting sales taxes on internet purchases. this after the supreme court refused to get involved in state efforts to force online retailers to collect sales taxes from their customers. the case involved a lower court ruling in new york. it ruled that websites like amazon and overstock must pay sales tax the same way in-state businesses do. the supreme court decision came on what appears to be the busiest online shopping day of the year, cyber monday. early indications are that online sales yesterday were up 17.5% from last year. mobile devices accounted for nearly a third of all online shopping. >>> stocks in asia finished mostly lower amid key reports in the u.s. hong kong's hang seng's lost 0.5%. tokyo's nikkei gained 0.5% to its highest close in six years thanks to a weekend yen. the dow jones lost 77 points
." >>> on the "cbs moneywatch," the days may be numbered for tax-free web shopping. and why you want to check your lottery tickets. wendy gillette has more. >> good morning, anne-marie. the cost of online shopping may be headed up as more states could start collecting sales taxes on internet purchases. this after the supreme court refused to get involved in state efforts to force online retailers to collect sales taxes from their customers. the case involved a...
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Dec 10, 2013
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most would say legalize marijuana, tax and regulate it. stop criminalizing people for drug possession. make a commitment to treating it. for those determined to get their drugs. they'll get it from the black market. look at what the europeans have done, allowing heroin addicts getting heroin from clinics. that's not legalisation, it's a policy advancing public safety. >> if prohibition and punishment as the main punishments is breaking up, why is that happening now? >> there are many reasons. now we are seeing the public health outcomes of the failed policies, that's mostly in europe. we are seeing in latin america the violence that is increasing significantly over the last number of years. so i think on those continents there's increased unrest and disappointment with the counter policies as they stand. those are being articulated more clearly. there's a number of countries, switzerland and others, that have implemented sensible drug policies, and we have much to learn from them, and to inspire others. >> hasn't the international experien
most would say legalize marijuana, tax and regulate it. stop criminalizing people for drug possession. make a commitment to treating it. for those determined to get their drugs. they'll get it from the black market. look at what the europeans have done, allowing heroin addicts getting heroin from clinics. that's not legalisation, it's a policy advancing public safety. >> if prohibition and punishment as the main punishments is breaking up, why is that happening now? >> there are...
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Dec 4, 2013
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let's maybe take a look at us cutting taxes rather than increasing taxes for those who can afford it. he didn't do that. he attacked the most vulnerable in that city and that's wrong. morally it's wrong and we believe legally it's wrong and that's why we're appealing the decision. >> beyond that, obviously, and we talked about this, detroit could be just the tip of the iceberg. yesterday, for example, illinois lawmakers passed a measure to cut pension costs, including raising the retirement age. what do you see as the big picture fight here? what do you see as the impact of this decision for public retirees and workers today? >> well, i think that it will spread. i'm not convinced that you'll have a lot of cities filing for bankruptcy, but i am convinced that you will have actions taken by state legislators and governors and mayors around the country to take the easy way out and to attack workers, to attack retirees rather than looking at the overall picture and understanding and making the statement that in these tough economic times, everyone must sacrifice. not a certain segment of
let's maybe take a look at us cutting taxes rather than increasing taxes for those who can afford it. he didn't do that. he attacked the most vulnerable in that city and that's wrong. morally it's wrong and we believe legally it's wrong and that's why we're appealing the decision. >> beyond that, obviously, and we talked about this, detroit could be just the tip of the iceberg. yesterday, for example, illinois lawmakers passed a measure to cut pension costs, including raising the...
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Dec 8, 2013
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is a consumption tax. it has been given. >> very big right now in terms of what these reforms are going to be. >> that is the question. you can see abenomics continue in rallying the troops. not everybody thinks the momentum is continuing. >> they used to advise. george soros and here he is. may be the fiscal conditions become sound. our life will be terrible. there is no exit. that is borrowing words again. he wants to end deflation. it is extreme. we were told deflation. >> how viable is that? anit is going to have to see extension. if you talk about the wages, it is probably the most important component they need to get on board. it is going to be really hard convincing the rest of the corporations that they should consider the projections. there's a economics theory of what inflation will produce. deflation is ending. biggest rise in winter bonuses. that is a big boost. these will start flowing to japanese consumers who absolutely are dependent. >> they're trying to wire this before the tax comes in. >
is a consumption tax. it has been given. >> very big right now in terms of what these reforms are going to be. >> that is the question. you can see abenomics continue in rallying the troops. not everybody thinks the momentum is continuing. >> they used to advise. george soros and here he is. may be the fiscal conditions become sound. our life will be terrible. there is no exit. that is borrowing words again. he wants to end deflation. it is extreme. we were told deflation....
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which means that this administration now has missionaries and navigators and a tax hour and a grassroots army organizing for action, all pushing obamacare. they certainly have their work cut out for them. twenty-one of 36 states now have embraced the president's so-called fix for obamacare to the almost 5 million people whose coverage has been canceled by insurance companies. senator harry reid is offering to exempt his staff from buying insurance through the laws of exchanges and the other three congressional leaders include john boehner,, nancy pelosi, and mitch mcconnell, and they all have told their staff to join the exchange. on wall street today, stocks in the dow jones down and the nasdaq up a fraction. european regulators fined six financial institutions, a record 2.3 billion, for conspiring to interest rate manipulate interest rates. mgm selling its remaining 10% stake on allied financial. the carmakers lending arm getting about $900 million. the government remains the majority shareholder, which received a 17 billion-dollar bailout during the crisis, of which they have repaid t
which means that this administration now has missionaries and navigators and a tax hour and a grassroots army organizing for action, all pushing obamacare. they certainly have their work cut out for them. twenty-one of 36 states now have embraced the president's so-called fix for obamacare to the almost 5 million people whose coverage has been canceled by insurance companies. senator harry reid is offering to exempt his staff from buying insurance through the laws of exchanges and the other...
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those federal taxes. and so, i don't -- i think people can very, very easily see through it. it's quite transparent. and again, we haven't gotten away from the 2010 comments. no one's ever going to forget the comments on the campus of howard university, because that is the way that people think the republicans relate to different demographics, that they pander to them, they talk down to them, they think they're less intelligent, think they don't understand history. so, rand paul has fallen into the sort of traps of republicanism over the last, you know, several decades or so, and i think it's very transparent at this point. >> there is a way, i think, to cash this out. i mean, if you're rand paul. whether this is a stunt or not, which is be a warrior on capitol hill for standard drug laws, and he does support standard drug laws, his voting record is pretty good on this, but it's a question of where you put your political capital. put yourself on the line, take political risk, go talk to your own constitue
those federal taxes. and so, i don't -- i think people can very, very easily see through it. it's quite transparent. and again, we haven't gotten away from the 2010 comments. no one's ever going to forget the comments on the campus of howard university, because that is the way that people think the republicans relate to different demographics, that they pander to them, they talk down to them, they think they're less intelligent, think they don't understand history. so, rand paul has fallen into...
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. >> the federal government collects taxes. kordova is run by the opposition who accuses president cristina fernangez de kirchner. the provincial government, arrival of arge tine president had complained that her government denied his appeal. he accused cristina fernangez de kirchner of shortchanging the province of resources. her administration said they accepted full responsibility. >> translation: there exists autonomy in the arge tine provinces and public security is one of these. it has to do with salaries. >> the governor claimed the police walked off their jobs in retailiation for the decision to shut down nor than 100 brothels, which had been paying off corrupt offices. they had been returning to work after being offered salaries and bonuses, making them the best paid in the country. >> translation: the police force returns to the service of the people of ko rrk dova. >> the governor vowed to travel to the capital to demand the government stop playing politics with their money. >> coke roaches may make you cringe, but t
. >> the federal government collects taxes. kordova is run by the opposition who accuses president cristina fernangez de kirchner. the provincial government, arrival of arge tine president had complained that her government denied his appeal. he accused cristina fernangez de kirchner of shortchanging the province of resources. her administration said they accepted full responsibility. >> translation: there exists autonomy in the arge tine provinces and public security is one of...
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Dec 5, 2013
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they are a perverse tax. we are out of line with small and medium with other -- we are out of line with other countries for small and medium enterprises. austerity is not done. austerity to be affected between now and 2016. osborne is unlikely to give a great deal away. he wants to stay the course of prudence. >> he certainly does. there have been leaks about the statement. what is left for the chancellor to surprise us with? >> housing is top of the agenda. least of all for the bank of england, -- not least of all for the bank of england, monetary policy. he might have something about the foreign ownership, a banner issue in london. you being tax on the sale of your ownership if you're a foreign owner. something to do with -- this is the politics of politics. going up against the opposition chancellor saying plan a worked. didn't really work or have things gotten better? they have, thankfully. there will be politics in the houses of parliament, the house of westminster behind me. for married couples. there c
they are a perverse tax. we are out of line with small and medium with other -- we are out of line with other countries for small and medium enterprises. austerity is not done. austerity to be affected between now and 2016. osborne is unlikely to give a great deal away. he wants to stay the course of prudence. >> he certainly does. there have been leaks about the statement. what is left for the chancellor to surprise us with? >> housing is top of the agenda. least of all for the...
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for $1 trillion in taxes. mary kissel with the wall street journal editorial board is smiling. is this for real? is there a real split here? not something i am inventing. is there a split? >> it is a struggle for the heart of the democratic party. you saw a obama pull the party itself ought to the left at you see centrists coming out and say and what are we doing? look at the polls, look what happened in colorado where voters rejected a tax hike to fund public education. look at history. populism works on college campuseses but looks a guy like bill bradley or howard dean it doesn't really work. stuart: we are riding a big piece, your newspaper. >> reading the wall street journal editorial page. stuart: the hard left is -- they used the word reckless, stronger stuff than that. >> a set weekend have all these kinds of fiscal fantasies as they put it. and a couple existed -- stuart: she wants to raise social security benefits and tax everybody. >> social security is broken and you can't promise american voters s
for $1 trillion in taxes. mary kissel with the wall street journal editorial board is smiling. is this for real? is there a real split here? not something i am inventing. is there a split? >> it is a struggle for the heart of the democratic party. you saw a obama pull the party itself ought to the left at you see centrists coming out and say and what are we doing? look at the polls, look what happened in colorado where voters rejected a tax hike to fund public education. look at history....
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Dec 10, 2013
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number three, there's no new taxes. i would have hoped to have a little bit of entitlement reform but that apparently is too much to tackle. >> what do you think about the idea that democrats and republicans worked together on this? >> hallelujah. >> margaret is our next caller from seattle, washington, an independent. hi, what's your comment? >> i just wanted to congratulate ryan and murray for working together for something many of my democratic and republican friends all have as a major complaint. it's not discerning about the details. that's a really big disparity. a lot of us feel disenfranchised by the democrats because it's so sad to see the minority has ruled them instead of the majority of us who put them in place. so this is a really good thing for us. we're waiting for a few years. we kind of jumped off the democrat, went to independent, but there won't be an independent in the running it. will either be democrat or republican. so we're going to wait the next few years to see if they finish what they started,
number three, there's no new taxes. i would have hoped to have a little bit of entitlement reform but that apparently is too much to tackle. >> what do you think about the idea that democrats and republicans worked together on this? >> hallelujah. >> margaret is our next caller from seattle, washington, an independent. hi, what's your comment? >> i just wanted to congratulate ryan and murray for working together for something many of my democratic and republican friends...
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k stone.this from mar guest: i think tax expenditures is a big problem. there are tax revenues that we should be taking in which we are not because we are subsidizing a significant amount of what some have termed corporate welfare. billions of dollars to the oil and gas industry, they are making record profits. the tax expenditures are costing the american people in ways that are problematic. host: what would you cut the besides defense? guest: revenues that we have lost that would otherwise should take in. other than defense, there is waste and inefficiencies in a wide range of domestic spending programs. i am willing to take a look at almost everything. i think the demonization of social security and medicaid are inappropriate. they are not responsible for the deficit problem we have right now. ronald reagan in a debate with walter mondo and clear social security has nothing to do with the deficit. it was true then and it is true now. att in plano, texas. caller: thank you for taking my call. food stamps is not one of the areas that needs to be cut. it
k stone.this from mar guest: i think tax expenditures is a big problem. there are tax revenues that we should be taking in which we are not because we are subsidizing a significant amount of what some have termed corporate welfare. billions of dollars to the oil and gas industry, they are making record profits. the tax expenditures are costing the american people in ways that are problematic. host: what would you cut the besides defense? guest: revenues that we have lost that would otherwise...
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Dec 4, 2013
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congress has not raised the federal gas tax in 20 years. congressman plans on introducing this bill to raise the federal gas tax tomorrow. >>> the house of representativested to overwhelmingly approved a 01 year extension to the ban of plastic -- 10 year extension on the ban for plastic weapons. some want to widen the ban to include weapons produced by 3d printers. the bill was first enacted in 1988 and reauthorized twice since then. it was due to expire december 9th. no word on when the senate will schedule a vote on that bill. >>> who could use stress relief when flying during the holidayest. ed to san francisco international airport is reviewing a program to help travelers relax in a way you might not expect. >> anybody want to pet the puppies? >> it is not unusual to see dogs at the airport these guys aren't flying. they are here to destress those who are. >> you can see people. their eyes light up. they get a big smile on their way. >> this is a volunteer with the wag brigade. volunteers regularly visit the terminals with their set fid
congress has not raised the federal gas tax in 20 years. congressman plans on introducing this bill to raise the federal gas tax tomorrow. >>> the house of representativested to overwhelmingly approved a 01 year extension to the ban of plastic -- 10 year extension on the ban for plastic weapons. some want to widen the ban to include weapons produced by 3d printers. the bill was first enacted in 1988 and reauthorized twice since then. it was due to expire december 9th. no word on when...
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in the absence of a national ruling, more states may try to tax sales on the internet. a new york commuter train was doing 82 miles an hour when it hit a sharp curve and derailed sunday, killing four people. the speed limit there is 30 miles an hour. investigators from the national transportation safety board announced the findings today from the train's two data recorders. they said it's clear what the train was doing, but not why. >> the locomotive had an event recorder, the cab car had an at in point in time it is preliminary but we can say here's what happened. we know speeds and positions, power settings and brake application. we don't know whether the brakes -- went to zero pressure because of a valve change or because of the train breakup. >> woodruff: the wreckage on the track meant some 26,000 commuters had to find alternative routes today. the government's health care website is hitting on more cylinders. white house officials say it handled 375,000 customers by midday. that's after weeks of work to fix the site's disastrous rollout two months ago. we'll get t
in the absence of a national ruling, more states may try to tax sales on the internet. a new york commuter train was doing 82 miles an hour when it hit a sharp curve and derailed sunday, killing four people. the speed limit there is 30 miles an hour. investigators from the national transportation safety board announced the findings today from the train's two data recorders. they said it's clear what the train was doing, but not why. >> the locomotive had an event recorder, the cab car had...
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Dec 2, 2013
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it's like to stop the tax you hear. mr hawley was made law says that the business of obasanjo whoever reads this. in the womb. and. welcome to play with it caps the back of the gifts that in the mac prep lopez economic engine it's no great harm to the hundreds of businesses in the region's biggest force and now it's looking to increase its profile on the wall financial stage. we went to meet one of a new generation of traders resisting the crisis casablanca stock markets is just posted all the gains of eight percent. businesses this kid is pretty real that was the go set up but who finds she faces competition from households around the world. alas when we gather news and the morning the press eli was in my role is to transmit them to clients it and explain the opportunities are risks of buying or selling on the markets to stay warm. if the time. at this age is determined to make casablanca late to hop and will finance its ability to fold this in spite of some seconds to go to. this is one of the older stock exchanges in
it's like to stop the tax you hear. mr hawley was made law says that the business of obasanjo whoever reads this. in the womb. and. welcome to play with it caps the back of the gifts that in the mac prep lopez economic engine it's no great harm to the hundreds of businesses in the region's biggest force and now it's looking to increase its profile on the wall financial stage. we went to meet one of a new generation of traders resisting the crisis casablanca stock markets is just posted all the...
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Dec 10, 2013
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we're not talking about the deal that hits taxes and medicare and social security, but you're hearing talk the $90 billion deal they talked about last week may shrink down as low as it could. they're looking at significant deficit reduction or whether it will simply be re-shuffling money from the sequester cuts which members of both parties don't like, to cuts they like better. >>> is the doing away with this blunting the effects of the mandatory budget cuts under the sequester, that i gather in different ways in different programs, both parties would actually like to see happen. >> yes, that is the bulk of the deal, tyler. it would lift the caps for defense spending which a lot of republicans, some democrats don't like. and would also lift the caps somewhat on domestic programs. again, they're mostly democrats but also some republicans think that it squeezed the domestic spending too hard. that is the motivation for the deal. as you have a small stakes deal, members with particular constituent pressures under fire in that deal are resisting like members from the washington area who r
we're not talking about the deal that hits taxes and medicare and social security, but you're hearing talk the $90 billion deal they talked about last week may shrink down as low as it could. they're looking at significant deficit reduction or whether it will simply be re-shuffling money from the sequester cuts which members of both parties don't like, to cuts they like better. >>> is the doing away with this blunting the effects of the mandatory budget cuts under the sequester, that i...
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how are you with taxes? [ laughs ] [ counselor ] and for even more cleaning power, try cascade platinum. are you flo? yes. is this the thing you gave my husband? well, yeah, yes. the "name your price" tool. you tell us the price you want to pay, and we give you a range of options to choose from. careful, though -- that kind of power can go to your head. that explains a lot. yo, buddy! i got this. gimme one, gimme one, gimme one! the power of the "name your price" tool. only from progressive. . >>> you stee, i wasn't born into a political family. but when efs in college, there was one issue that moved me for the very first time in my life to become politically active. the herb shoe was apartheid. and, as a young college student, i became involved in if divested movement of the united states. i remember meeting with a group of anc leaders and hearing stories of their struggles and all of their leader, nelson mandella. >> that was a video birthday message. we've got much more ahead. please stay with us. >>> he'
how are you with taxes? [ laughs ] [ counselor ] and for even more cleaning power, try cascade platinum. are you flo? yes. is this the thing you gave my husband? well, yeah, yes. the "name your price" tool. you tell us the price you want to pay, and we give you a range of options to choose from. careful, though -- that kind of power can go to your head. that explains a lot. yo, buddy! i got this. gimme one, gimme one, gimme one! the power of the "name your price" tool. only...
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it tells the insurers exactly what kind of peopremiumpremiumsd of insurance, what kind of tax credits any individual enroll e is eligible for. the huge problem there, many of the insurers are not getting the correct information on their fo form. it was a big question today with the white house. spokesperson jay carney had this to say? >> we have instituted a number of significant fixes to the so-called 834 forms, which are these -- that's the vehicle by which information is transmitted to the issuers. and we believe that the majority of fixes to 8s 34 forms have been made, including significant ones made over the weekend. we expect the info now sent to insurers to be vastly improved but we are going to continue to work with issuers to make sure that whatever remaining problems persist afixed? >> it is crunch time. three weeks until december 23rd if you are going to have insurance by january 1st, that is the beginning. the effective date of the affordable care act, obamacare, you have to enroll by december 23rdrd. if you are in the individual marketplace, if you don't get your insuranc
it tells the insurers exactly what kind of peopremiumpremiumsd of insurance, what kind of tax credits any individual enroll e is eligible for. the huge problem there, many of the insurers are not getting the correct information on their fo form. it was a big question today with the white house. spokesperson jay carney had this to say? >> we have instituted a number of significant fixes to the so-called 834 forms, which are these -- that's the vehicle by which information is transmitted to...
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Dec 8, 2013
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we need to focus on cutting taxes for the wealthy. we need to focus on all sorts of right wing education experiments. school choice. vouchers. et cetera, et cetera. that's how we'll solve this problem. and i think there's a danger to this. because i think in a place like detroit that has been hurt by so many different things, that the republicans are hoping they can use a crisis like detroit to say that our policies, our economic policies are the ones that are going to liberate people. even though that's a misdiagnosis of what actually happened in detroit. >> i completely agree with that. let's talk about immigration reform. and the latino community. again, i'm just going down their list. so, you know. so john boehner on november 14th says, we have no intention of ever going to conference on the senate bill. he even, you know, kind of brushed off those two sweet, precious girls who are trying to talk to him while he was having his breakfast. the one person,on than, who had made some inroads, i think you had wrote about this, was chris
we need to focus on cutting taxes for the wealthy. we need to focus on all sorts of right wing education experiments. school choice. vouchers. et cetera, et cetera. that's how we'll solve this problem. and i think there's a danger to this. because i think in a place like detroit that has been hurt by so many different things, that the republicans are hoping they can use a crisis like detroit to say that our policies, our economic policies are the ones that are going to liberate people. even...
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we're not talking about tax rate hikes that's off the table. we can't close loopholes. >> we're talking about auctioning broadband spectrum, higher fees on airport security and vacuuming up loose change jonathan capehart might have. >> there's a lot of it. >> there is a lot of change. i think part of the reason compromise seems so hard is that republicans have not are to ask themselves the tough questions about what they would do in terms of broader policy because they have been able to distract themselves with the calamitous rollout of the aca. that literally is the only thing they can agree on is that aca bad. everything else is up for grabs. to actually agree on a piece of policy is almost an anathema. >> for the populous, it will be a positive one. no such possibility in the offing for intransigence the tea party has exhibited. to allow the tea party to hijack -- lets give the republican party credit. be more reasonable. ford says i like john boehner, he's a reasonable man, we would like to see evidence of that. we're looking for it. now, i
we're not talking about tax rate hikes that's off the table. we can't close loopholes. >> we're talking about auctioning broadband spectrum, higher fees on airport security and vacuuming up loose change jonathan capehart might have. >> there's a lot of it. >> there is a lot of change. i think part of the reason compromise seems so hard is that republicans have not are to ask themselves the tough questions about what they would do in terms of broader policy because they have...
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Dec 4, 2013
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riddle me this, when is a fee increase, ginger, not a tax. >> it's not a tax when republicans support it. they're trying to craft increases in fees more revenue into the budget that republicans can get hyped who said no new taxes. some of this is expanding the base more people paying a fee by giving more access. increases and fees that have not been addressed in a long time. we don't know which ones specifically they'll sign off on. >> ginger, where is the trouble likely to come from, the left? the right? >> reporter: it will come from both sides. paul ryan will have to make a hard sale to republicans in his caucus. it's not clear whether or not the majority of republicans would back any deal. most of them oppose any extra spending, and democrats in the senate who think that tax increases should be included and it shouldn't have any cuts to programs that they see as vital to the american people. >> this is a small deal not the grander bargain that has been talked about ad nauseam. is this kicking the can down the road because it can't make a big dial? >> reporter: not the grand bargai
riddle me this, when is a fee increase, ginger, not a tax. >> it's not a tax when republicans support it. they're trying to craft increases in fees more revenue into the budget that republicans can get hyped who said no new taxes. some of this is expanding the base more people paying a fee by giving more access. increases and fees that have not been addressed in a long time. we don't know which ones specifically they'll sign off on. >> ginger, where is the trouble likely to come...
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. >> multiple people and corporations are profiting on it, on tax-payer dollars. if i hand out money to a private pent wisely.nt to make sure it's >> corizon declined an on-camera interview but told america tonight that their care meets constitutional requirements and since taking over it increased staff, doubling infirmary beds, saving taxpayers money. allegations of wrongdoing mount, according to the a.f.s. c report an inmate at the wedstone unit tested positive for tuberculosis in august. test other prisoners, even those in the community doing community as for regan, she has six months left in prison. >> ready, ready, ready. >> the separation has been tough on the family. what is worse is the fear that for regan. prison healthcare could be a death sentence. >> i'm going to lose you. i love you honey. >> are you coming out saturday. >> i'm coming on saturday. i love you, honey. bye-bye. it's so frustrating when you can't finish talking. >> got be tough when you hang up? >> yes. it's tougher leaving. the first visit with ryland. my husband helder up. she started
. >> multiple people and corporations are profiting on it, on tax-payer dollars. if i hand out money to a private pent wisely.nt to make sure it's >> corizon declined an on-camera interview but told america tonight that their care meets constitutional requirements and since taking over it increased staff, doubling infirmary beds, saving taxpayers money. allegations of wrongdoing mount, according to the a.f.s. c report an inmate at the wedstone unit tested positive for tuberculosis...
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those taxes hold. now will the rest of the states start to decide, you know, we're emboldened, we're going to try to go after more of the taxes. >> the law has been store on this. it started with sport books, betting online. they went back to the 1960s communication acts to find wiretapping and stuff, ways to get their hand on it. this has been happening to are a while, as the internet is creating commerce, government wants a slice. >> right. it's a big slice. it is a really big slice. brick and mortar and online retailers are merging. look at something like amazon, they have 34 mufulfillment cents across the country. i think what it could mean for new york and it has been, some of the big online retailers are going to make sure they're not creating jobs in new york. they want to continue to argue we don't have a physical presence in new york. >> i live here, if i'm buying fishing equipment in tennessee and shipping it to someone else, it's all of these cross state laws. >> everyone says it's messy, ma
those taxes hold. now will the rest of the states start to decide, you know, we're emboldened, we're going to try to go after more of the taxes. >> the law has been store on this. it started with sport books, betting online. they went back to the 1960s communication acts to find wiretapping and stuff, ways to get their hand on it. this has been happening to are a while, as the internet is creating commerce, government wants a slice. >> right. it's a big slice. it is a really big...
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only thing they agree is taxes should be lower. if they try to do anything else they run into a freak out problem with the base. they need to try to be willing to let some of those voters go elsewhere or stay home or reach out to new people. until they do that -- >> they need to leech themselves. the republican party has failed in terms of creating a governing platform, the tea party has won in that the goalposts moved far to the right, broud bipartisan, budget talks, extending unemployment benefits is a democratic ask. i wonder what you think -- bernie sanders said to the "washington post," i don't wake up every morning saying oh, my goodness, i don't wake up every morning and say i want to be president. but if nobody is going to do it, i'll do it. there's talk about elizabeth warren, bill dallas i don't, if not more resurgent, ascend ant in the last years. >> one of the things that happens through the end of press tension administration politics gets broader and more imaginative and more hinged to the personalities that run it. b
only thing they agree is taxes should be lower. if they try to do anything else they run into a freak out problem with the base. they need to try to be willing to let some of those voters go elsewhere or stay home or reach out to new people. until they do that -- >> they need to leech themselves. the republican party has failed in terms of creating a governing platform, the tea party has won in that the goalposts moved far to the right, broud bipartisan, budget talks, extending...
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the irs is working on rules that would limit activity of groups with tax exempt status. that is controversial because those groups are raising a lot of money and don't want to see their participation muddled. there's the case to be made it's not the irs's duty to enforce the stuff. perhaps it's the federal election commission or congress. >> the new healthcare law is mixed up in the middle of this as well. >> right dead center. the irs is supposed to be checking the fines from those poo who don't sign up for insurance, as well as streetlightsing the subsidies and credit for those who need help gems their obamacare. healthcare is a fifth of our new, economy, and it might be difficult or unwise to trust the irs handling obamacare. there will be a lot more of the battle. >> carl, thank you. nice to see you. if you want to remember some of your best experiences, listen up. and not take so much -- so many pictures of yourself. instagraming could mess up your memory. next, what this new study suggests about memory and all those photos that were taken, and, >>> if you're one of
the irs is working on rules that would limit activity of groups with tax exempt status. that is controversial because those groups are raising a lot of money and don't want to see their participation muddled. there's the case to be made it's not the irs's duty to enforce the stuff. perhaps it's the federal election commission or congress. >> the new healthcare law is mixed up in the middle of this as well. >> right dead center. the irs is supposed to be checking the fines from those...
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part of the way to deal with it by raising taxes at the top and create a more generous state to support incomes as you have this natural growth. if if anybody had a silver bullet to fix this, we're seeing this not just in the u.s. but in europe and other advanced countries. >> as you said, i don't know how you feel, josh seems to think we could blame it on the pop stars. >> that's what we do, blame everything on the pop stars. justin bieber and one direction. >> josh you can't talk about the economy without talking about passing a budget which i know the president touched on as well. this growing optimism around maybe passing a budget for 2014 which would avoid another government shutdown come january 15th thanks to this rumored paul murray deal you've been writing about. a positive step forward. you're not as optimistic and don't think enough republicans will rally behind it. don't you think this time around will be different after republicans were so beat up over the government shutdown, or do you think they'll play the same old game? >> that's the question, the sort of deal we're loo
part of the way to deal with it by raising taxes at the top and create a more generous state to support incomes as you have this natural growth. if if anybody had a silver bullet to fix this, we're seeing this not just in the u.s. but in europe and other advanced countries. >> as you said, i don't know how you feel, josh seems to think we could blame it on the pop stars. >> that's what we do, blame everything on the pop stars. justin bieber and one direction. >> josh you can't...
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reform that would broaden the base and lower the tax rates. i can think of nothing that would help the economy more. what do you think about this? >> nothing in this near-term deal. there is an appetite for what you described particularly on the business side of the equation on corporate taxes. the white house has a plan to do precisely what you described, maybe not get the rate down the way you'd like it but they do have a plan. here's something i'd like to ask the representative about. i understand that you want to -- that there are republicans up there who want to keep the appropriations levels to where they are already. they're not that interested in this new deal. and i heard you criticizing the sequester in terms of the economic impacts. but my question is, it seems to me -- not trying to play gotcha here. just observing things like how rogers says, we can't write bills to these levels of 967. we have to get rid of the sequester is we're going to be able to actually successfully appropriate. what about that? >> dave, i'm going to give yo
reform that would broaden the base and lower the tax rates. i can think of nothing that would help the economy more. what do you think about this? >> nothing in this near-term deal. there is an appetite for what you described particularly on the business side of the equation on corporate taxes. the white house has a plan to do precisely what you described, maybe not get the rate down the way you'd like it but they do have a plan. here's something i'd like to ask the representative about....
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run, it was a net gain for taxpayers, keeping 2.5 million people on the job spending money and paying taxes. >>> the ceo of the new american airlines says no rate hikes for now. they merged yesterday with u.s. airways. doug parker, ceo, says air fares will remain steady. >>> new evidence that the nation's retailers have been scaling back a bit on their holiday hiring. last month, the retailers brought in 471,000 workers. about 5% less than the record of 494,000 workers set last year. analysts say it shows a possible drop in business confidence. >>> forbes magazine is out with a list of what they call hollywood's overpaid actors. topping the list, adam sandler, katherine heigl a close second. reese witherspoon rounds out the top three. forbes arrives at the list after considering a star's pay, the movie budgets, and expenses. i wouldn't mind being on that list. overpaid. >> it usually means underworked, right? >>> well, a new use for the little blue pill. why some doctors are saying viagra might be useful to women? >> really? >>> fun gone too far maybe. a snowball fight getting out of contro
run, it was a net gain for taxpayers, keeping 2.5 million people on the job spending money and paying taxes. >>> the ceo of the new american airlines says no rate hikes for now. they merged yesterday with u.s. airways. doug parker, ceo, says air fares will remain steady. >>> new evidence that the nation's retailers have been scaling back a bit on their holiday hiring. last month, the retailers brought in 471,000 workers. about 5% less than the record of 494,000 workers set...
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i think what will happen when you get to year end, a lot of muni funds will be pressured more, tax law selling -- >> lots. >> you'll do okay buying these funds at a discount. >> we won't necessarily see that pressure from the broader market, certainly. people maybe the last couple of years, any harvest, time is running out. >> there's still lots of things to harvest this year. lots of munis you can swap out of. munis are out. those are good places to swap into a different fund if you need to. take the loss, put it in your pocket if you don't need it and carry it forward. tax law accounting is huge in investing. >> we've been out of the muni market for the past 14 to 15 months when munis started getting back over 5% we've been a buyer. we've been aggressively buying municipal bonds. >> rob morgan any opinion on that before we go, quickly? >> absolutely. i think having a portfolio for individual investor tilted more toward short end and rising rate environment makes sense. i think detroit bankruptcy spells trouble more for retirees on pension plans more for than muni bond investors. >> a
i think what will happen when you get to year end, a lot of muni funds will be pressured more, tax law selling -- >> lots. >> you'll do okay buying these funds at a discount. >> we won't necessarily see that pressure from the broader market, certainly. people maybe the last couple of years, any harvest, time is running out. >> there's still lots of things to harvest this year. lots of munis you can swap out of. munis are out. those are good places to swap into a...
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it would control and run its own schools with its own tax revenue. >> a new city for you guys, this is strictly about education? it's 100% totally about education. we didn't come into this saying we want to create the 5th largest city in louisiana, we came into this saying we want to take accountability for the schools in our area. >> but critics say st. george would take more than just accountability. a report commissioned by the baton rouge area chamber warns the break up would cost the city at large 53 million dollars, 20% of its budget. and it would futher segregate the city. baton rouge is already majority black, st. george would be a majority white by a 3 to 1 ratio. >> so now we would have white kids going to school over here on this end of the parish, white kids going to school over there on the other end of the parish, and in the middle, we'd have just the black kids going to school. >> there's also a major income disparity. residents in baton rouge make an average of 58 thousand dollars a year. in the much more affluent st. george area, the average income is 90 thousand. >> i
it would control and run its own schools with its own tax revenue. >> a new city for you guys, this is strictly about education? it's 100% totally about education. we didn't come into this saying we want to create the 5th largest city in louisiana, we came into this saying we want to take accountability for the schools in our area. >> but critics say st. george would take more than just accountability. a report commissioned by the baton rouge area chamber warns the break up would...
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taken from tax grab from the vast untill around here. i've just sort of the negotiations can move forward. it is divided into the broad cup victories the first is the agreement on least developed countries this is a negotiation to facilitate the integration of least developed countries into the world economy. this has been mostly agreed upon the second is on trade facilitation is a deal to have the potential to whether trillion us dollars to the global economy is on its final stages. but the sticking point is to agricultural subsidy debate what they are still huge divide between developed countries that wants to lessen subsidies to create a free market. against the developing nations that doesn't want this because it will hugely in fact the food security for their people and the agricultu industry this is the sticking point in distracting to do ill the whole negotiation here in bali where the wto is in and do or die a meeting. the show david is still rather thin and it can make progress andy's pushups acidity body meanwhile us secretary
taken from tax grab from the vast untill around here. i've just sort of the negotiations can move forward. it is divided into the broad cup victories the first is the agreement on least developed countries this is a negotiation to facilitate the integration of least developed countries into the world economy. this has been mostly agreed upon the second is on trade facilitation is a deal to have the potential to whether trillion us dollars to the global economy is on its final stages. but the...
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people, young people today, know that their concern is not the tax rate that they're going to pay as they get older. their concern is getting a job at all. and getting some relief from what wall street has engineered. this incredibly unfair debt burden. and it's no accident that the board of third way is comprised of wall street bankers and that the policies they are pushing are privatization of social security, lower taxes for the very, very rich, and no relief, no common sense relief, for example, like the proposal before congress now to allow students to refinance their student loan debt the same way homeowners refinance their mortgage. i mean, just common sense, reasonable policies for people who don't have a lot of money. and that's where millennials and gen xors are. >> john fugelsang, it seems we can now find the moderate republicans in the third way. >> well, i think you're right. and i'm always moderately shocked when moderate democrats say the party needs to be more moderate. i'm not a democrats but republicans do keep forcing me to vote for the party. and watching this is
people, young people today, know that their concern is not the tax rate that they're going to pay as they get older. their concern is getting a job at all. and getting some relief from what wall street has engineered. this incredibly unfair debt burden. and it's no accident that the board of third way is comprised of wall street bankers and that the policies they are pushing are privatization of social security, lower taxes for the very, very rich, and no relief, no common sense relief, for...
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and there are a number of tax provisions set to expire at the end of the year. congress often comes in and goes back and deals with some of that unfinished business, but they would love to get it done now. also the farm bill, that includes the food assistance program, or snap, and the defense bill. the national defense authorization act. and budget negotiations, stephanie. this is one that everyone is watching. because the last time congress couldn't come to terms we saw that government shut down back in october. they would like to get some work done now to get some ground work laid, stephanie. >> a lot of important stuff to deal with and not a lot of time. libby thank you. >>> mexican authorities are searching for a stolen truck carrying extremely dangerous radioactive material. it was taken on monday. it's not clear how much of the material was in the truck or who may have stolen it. cobalt 60 is used in cancer treatments but could also be used in a dirty bomb. >>> vice president joe biden is in china, but they haven't spoken publicly about the air defense zon
and there are a number of tax provisions set to expire at the end of the year. congress often comes in and goes back and deals with some of that unfinished business, but they would love to get it done now. also the farm bill, that includes the food assistance program, or snap, and the defense bill. the national defense authorization act. and budget negotiations, stephanie. this is one that everyone is watching. because the last time congress couldn't come to terms we saw that government shut...
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voted to take away retiree's pension benefits an cut those benefits, adopted a multimillion dollar tax cut for multinational corporation within that state. so the state is not impoverished. the state is choosing priorities that are different than the citizens have chosen by adopting a constitutional protection of pension benefits. >> woodruff: andrew biggs what about that, and what about the bigger picture here, that the blame, that if there is going to be pain, the pain should be spread, that it shouldn't be mainly or even in large part these people who have worked so hard for these cities. >> uh-huh. i suspect in the case of detroit, it's not going to be mainly or in large part on the pensioners, it going to be mostly on the bondholders who are going to get hit much more. i mean steve is right when he cites the average benefits people receive from pensions. that includes a lot of people who spent a few years in public employment and are getting very small benefits. if you are somebody who spent a full career working for the city of detroit, you would retire with a benefit equal of ar
voted to take away retiree's pension benefits an cut those benefits, adopted a multimillion dollar tax cut for multinational corporation within that state. so the state is not impoverished. the state is choosing priorities that are different than the citizens have chosen by adopting a constitutional protection of pension benefits. >> woodruff: andrew biggs what about that, and what about the bigger picture here, that the blame, that if there is going to be pain, the pain should be spread,...
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the ability to fund transportation because we haven't raised the gas tax in 20 years
the ability to fund transportation because we haven't raised the gas tax in 20 years
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sales taxes and why you should be paying it. states lose $2 billion a year from uncollected tax from web users. the supreme court decided yesterday not to get involved in appeals from amazon.com and overstock.com. the court let ruling from internet retailers to collect sales taxes even if they have no physical presence in the state. do you follow me? the issue effectively ends tax-free online shopping for lots of people. brick and mortar people say they are at a disadvantage when they have to collect taxes and online do not. it's different from state-to-state and it's just been a real mess there but supreme court is not going to weigh in on this. i want to give you a quick peek at the markets. dow and the major markets all fell after the black friday results showed that consumers spent less than last year. gold stock fell as well. concerns about the fed withdrawing -- using a big pull-back in gold this year. the ten-year treasury climbed again. it means higher mortgage rates likely and higher rates for car loans and the like. kr
sales taxes and why you should be paying it. states lose $2 billion a year from uncollected tax from web users. the supreme court decided yesterday not to get involved in appeals from amazon.com and overstock.com. the court let ruling from internet retailers to collect sales taxes even if they have no physical presence in the state. do you follow me? the issue effectively ends tax-free online shopping for lots of people. brick and mortar people say they are at a disadvantage when they have to...
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>> property taxes are being collected as we speak. i think it's a misnomer, because some of the numbers that i see are numbers that go back to 2009 when i first came into office where it was said there's 100 to $150 million of uncollected taxes. you go back 10 years ago using the same numbers, it's not realistic. number one, a lot of those people are businesses that are no longer here. we need the number as it relates to taxes. the same thing holds true for empty houses. i see the number constantly at 78,000. that's not a right number. it's a moving number on a monthly basis but it's not near to 78,000. >> when you say -- >> that was detroit mayor dave bing speaking on the ruling moments ago that detroit can file chapter 9 bankruptcy. he'll be joining us later this hour. but first "twelve days of christmas" and
>> property taxes are being collected as we speak. i think it's a misnomer, because some of the numbers that i see are numbers that go back to 2009 when i first came into office where it was said there's 100 to $150 million of uncollected taxes. you go back 10 years ago using the same numbers, it's not realistic. number one, a lot of those people are businesses that are no longer here. we need the number as it relates to taxes. the same thing holds true for empty houses. i see the number...
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that means simplifying our corporate tax tax code in a way that closes wasteful loopholes, ends incentives to ship jobs overseas -- [applause] by broadening the base we can lower rates to encourage more companies to hire and use some of the money we save to create the jobs rebuilding our roads, bridges and airports and all the infrastructure in our businesses it means a trade agenda but rose exports and works for the middle class. been streamlining regulations that are outdated or unnecessary enemies coming together around a responsible budget one that grows our economy faster right now and treats her long-term deficits, one that and wines sequester cuts that haven't made a lot of sense. [applause] and then frees up resources to invest in things like scientific research that has always unleashed new innovation in new industry. when it comes to our budget we should not get stuck in a stale debate from two or three years ago. a relentlessly growing deficit of opportunity is a bigger threat to our future than a rapidly shrinking fiscal deficit [applause] so, that is step one towards restoring
that means simplifying our corporate tax tax code in a way that closes wasteful loopholes, ends incentives to ship jobs overseas -- [applause] by broadening the base we can lower rates to encourage more companies to hire and use some of the money we save to create the jobs rebuilding our roads, bridges and airports and all the infrastructure in our businesses it means a trade agenda but rose exports and works for the middle class. been streamlining regulations that are outdated or unnecessary...
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lowering income taxes, lowering the payroll tax of 2%. and then suspending the capital gains tax with later investments. would that solve detroit's problem? >> it would go a long way to helping. i think that cities like detroit can have a renaissance and i really believe that. but you have such high taxation. especially when you're talking about a 5% tax in detroit. that is down from 35 or 40%. you are talking about a significant incentive for businesses to locate this in detroit or chicago or other major cities and this can be a showcase for how to print businesses and bring him back and what you have unemployment rates sometimes 10 or 20%. bill: what is the political makeup. >> 70%? >> i know that it's over 70%. some of the central cities, i think detroit is one of them and you get 80% of those voters voting republican and here is the problem. people have moved out and you're talking about a bill that 25 or 30 years ago had about 2 billion people and this is capital moving out, families are moving out and the only way to save the city i
lowering income taxes, lowering the payroll tax of 2%. and then suspending the capital gains tax with later investments. would that solve detroit's problem? >> it would go a long way to helping. i think that cities like detroit can have a renaissance and i really believe that. but you have such high taxation. especially when you're talking about a 5% tax in detroit. that is down from 35 or 40%. you are talking about a significant incentive for businesses to locate this in detroit or...